DPD50193 RISK MANAGEMENT

Risk management is the identification, evaluation, and prioritization of risks followed by coordinated and economical application of resources to minimize, monitor, and control the probability or impact of unfortunate events or to maximize the realization of opportunities. Operating in a dynamic environment, every business entity requires an active risk management strategy to protect itself from unexpected results. Sound risk management is the key responsibility of the management and should be part and parcel of the overall corporate governance structure.